First self-driving, fully electric truck soon onto public roads
Swedish autonomous vehicle start-up Einride and logistic group DB Schenker are expecting to operate the world’s first commercial all-electric, driverless truck on a public road by January 2019.
After the launch in November of the first commercial installation of T-Pod at a DB Schenker facility in Jönköping, central Sweden, Einride and the German logistics group expect regulatory approval within weeks allowing all electric, self-driving trucks onto public roads.
Einride´s T-Pod is a 7.5-tonne “smart container on wheels”, which lacks a steering wheel, a foot pedal and even a driver cabin, which can be half the cost of building a truck, offering more room for freight. The vehicle, considered Level 4 autonomous, is supervised by a human operator sitting hundreds of kilometers away who can supervise up to 10 vehicles at once and remotely drive it when needed to navigate difficult terrains. In order to achieve Level 5, a vehicle should be able to operate without driver in all conditions.
According to experts* in the sector, the commercial adoption of Level 4 autonomous, fully electric trucks would be sufficient to realize potentially significant decrease in CO2 emissions and cost savings due to zero fuel consumption. Additionally, a fleet of self-driving, electric trucks can be coordinated by an intelligent routing system, which would lead to optimised delivery time, battery life and energy utilization, also reducing amount of accidents. Besides Einride, numerous established companies as well as start-ups are currently working on autonomous trucks’ technologies. Among them, Embark, Daimler/Mercedes, Waymo, Kodiak, Volvo and Tesla are the most promising ones.
Although there are still several challenges to be tackled, such as ensuring the complete safety of pedestrians and other vehicles on public roads, the transition to self-driving technology combined with electrification has a strong potential to pave the way for a future more sustainable, efficient and safe road freight transportation.
*Discover more about autonomous, all-electric trucks here.
https://pnorental.com/wp-content/uploads/2018/12/schenker_einride-001-1.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-12-11 11:07:352019-09-17 09:49:21First self-driving, fully electric truck soon onto public roads
Jesper Lok has been appointed as new member of PNO’s Board, November 2018. He will take over the position as Chairman of the Board from Jens Jørgen Madsen at the General Meeting in April 2019.
The PNO Board consists of five members:
Jacob Lee Ørnstrand (CEO at PNO)
Carsten Lorentzen (Partner and Attorney at DLA Piper)
Jens Jørgen Madsen (Chairman – until April 2019)
Jesper Lok (CEO)
Søren Lindgaard (CFO at Kirk Kapital)
The reorganization of the Board is carried out in relation to Jens Jørgen Madsen retiring, thus resigning as Chairman of the Board.
FACTS ABOUT JESPER LOK
Education:Shipping educated, MBA, and has received further education at Harvard University, IMD, and Columbia University.
Other Boards:Santa Fe Relocation, Allianceplus A/S, Newsec, and Dagrofa.
https://pnorental.com/wp-content/uploads/2018/11/Copy-of-O06A3944-copy-3-e1581324020835.jpg6561200rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-11-20 11:48:172019-09-17 09:50:00New PNO Board Member
PNO is in the process of becoming a B Corp certified company. By applying for the B Corp status, we commit to meeting the highest standards of verified social and environmental performance, to act transparent, and to balance profit and purpose.
NEW MEASURES OF SUCCESS We care about what we do – and we care about each other, the relations we have to stakeholders and the world. Our decisions are based on People, Planet & Profit. We believe that the world’s most challenging issues cannot be solved by governments and nonprofits alone. Therefore, we have joined the B Corp community of corporations that work toward a positive impact for their employees, communities, and the environment. A movement where business is used as a force of good, and where social and environmental performance are the measures of success.
“Acting responsible and sustainable is not new to PNO – it has been part of our core values since my father established PNO in 1975. The B Corp framework will strengthen our performance by challenging our approach to social and environmental responsibility, and identifying further action, globally and locally. With the support and guidance of B Corp, we aspire to lead the transition toward a sustainable transport industry. “
– Jacob Lee Ørnstrand, Group CEO
We have concluded that the first steps toward a more sustainable company are to look closer at our purchase behaviour, optimize our market offerings, and increase our involvement in local communities. Internally we have appointed an ambassador at each office to lead the local initiatives. A significant task for them is to find a local project where they can volunteer as a team with their colleagues two days a year. The volunteering will be performed in PNO working hours.
The New Cool reefer will together with our digital solutions ensure that we offer our customers sustainable solutions that benefit both their business and the environment.
THE B CORP ASSESMENT To become B Corp certified, a company must go through the B Corp Assessment, which is a comprehensive and industry-specific tool designed to measure the social and environmental impacts of a company. The company is measured within four pillars: governance, employees, local community, and environment. The company must get a score of minimum 80 points to get a B Corp certification.
The assessment furthermore provides an insight into where the company is doing good, and where it can do better. In average it take takes at least two rounds of assessment before an organization becomes certified. At PNO, we just finished our first assessment with a score of 72.5 points. We are now working to improve our score by actively pushing forwards with initiatives that support the four pillars of governance, employees, local community, and environment.
CONTACT
If you are interested in learning more about our B Corp certification process, please feel free to contact Solvej Lee Ørnstrand, Head of Learning & Marketing, at solvej@pnorental.com.
https://pnorental.com/wp-content/uploads/2018/11/Screenshot-2018-11-05-at-17.00.47.png10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-11-05 16:07:442018-11-05 16:07:44We want to use business as a force of good
PNO as exclusive partner on new sustainable reefer
It is with great pleasure that we introduce the sustainable New Cool reefer as part of our rental offering. PNO is the exclusive New Cool partner in Scandinavia.
The New Cool reefer operates without any CO2 emission. Due to a special Valx axle that produce energy when braking, the reefer’s cooling system is self-powered and independent of diesel. An important factor in Europe, where an increasing number of cities are introducing CO2 regulations on traffic. The technology will furthermore save you approximately 30 liters of diesel a day.
New Cool is a result of a close partnership between Per Nelson Ørnstrand (founder of PNO) and Twan Heetkamp (THT). Together they developed the unique self-powered cooling system in collaboration with suppliers Valx and Carrier.
The technology of New Cool can be applied to any reefer brand and type.
Please don’t hesitate to contact us if you are interested in learning more about the New Cool.
https://pnorental.com/wp-content/uploads/2018/09/RON3508.jpg10261920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-09-28 12:15:432019-09-17 09:51:03PNO as exclusive partner on new sustainable reefer
EU creates transparency on trucks’ CO2 emission and fuel-efficiency
The European Union’s new legislation on fuel consumption and CO2 emissions will come into force next year. It will lead to greater transparency and accountability in the truck industry, and ultimately more fuel-efficient transport solutions.
From January 1st 2019, all truck manufacturers in the EU must declare the fuel consumption and CO2 emission on each produced truck. The values are determined by simulated calculations based on the vehicle’s type and custom configurations. The legislation is introduced in order for the EU to reach its climate goal of reducing greenhouse gas from transport by 30 percent by 2030. Heavy-duty trucks account for approximately 5 percent of the total C02 emission in Europe.
The standardisation of consumption information will make it easier for truck customers to select the most fuel-efficient vehicle and lower their business’ CO2 emission. The transparency will hopefully lead to increased focus on environmental footprints within the truck industry, which will ultimately lead to more fuel-efficient transport solutions.
When the legislation has come into force, the next step is for EU to evaluate the declared values. Based on these, CO2 value limits are expected to be introduced by September 2019.
https://pnorental.com/wp-content/uploads/2018/08/EU-co2-1.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-08-15 09:06:352019-09-17 09:51:21EU creates transparency on trucks’ CO2 emission and fuel-efficiency
“With a Head of Rental, we strengthen PNO’s core services by focusing even more on our commercial activities within rental.” – Jacob Lee Ørnstrand, Group CEO
It is with great pleasure that we welcome Lasse Stær Hoffmeyer to PNO in the capacity of Head of Rental from the August 13th. Lasse will be working closely with the local sales teams to support commercial activities across borders and departments. With his employment, PNO’s ability to take advantage of our scale and capacity will be strengthened to the benefit of our customers.
Lasse is joining us from Vestas where he was a Senior Manager in their Service Commercial department. Here, he was in charge of the growth strategy for Parts Services with focus on sales execution, product management, value proposition, pricing, and pipeline management. Lasse is a great match for PNO and his knowledge and experience will be an asset for the entire organization. Lasse will be working from PNO Group Office in Copenhagen.
“I consider PNO as a great match, where my toolbox and holistic approach to commercial development can help create results. Likewise, I am very inspired by PNO’s history, visionary business model, their approach to social responsibility and strong customer focus. I am especially looking forward to collaborating with all colleagues across the PNO value chain in order to create the greatest value for our customers and thereby PNO”
– Lasse Stær Hoffmeyer
Lasse Stær Hoffmeyer
https://pnorental.com/wp-content/uploads/2018/08/Copy-of-1920px-×-1050px-–-news-images.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-08-02 09:26:282019-09-17 09:51:34PNO welcomes Head of Rental at Group Office
The Dutch company THT New Cool has created a reefer named The New Cool that operates on self-generated energy. The energy is created by the special Valx axle when the trailer slows down, after which the electricity is stored in a battery. The battery powers the cooling aggregate and makes the reefer independent of diesel. The New Cool trailers have been tested on the road since 2014 and will be in serial production from 2019.
The New Cool’s technology has several environmental and business related advantages. It saves you up to 30 liters of diesel a day and enables the cooling aggregate to stay active even when disconnected from the truck. As previously described, more and more European cities are introducing local diesel bans in urban areas. Because The New Cool has zero CO2 emission, it can operate within these areas. By investing in The New Cool reefers, your business stays competitive despite the increasing numbers of emission regulations and thereby secures its position on the long-term. In the near future you will be able to make this investment through PNO – more info will follow.
The New Cool reefer comes in multiple types and the specifications can be customized to your’ needs. Read more about The New Cool here.
https://pnorental.com/wp-content/uploads/2018/06/Newcool-hessing-homepage.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-06-28 07:35:492023-01-16 07:30:40The New Cool: A responsible choice
Supporting the UN 17 Sustainable Development Goals
We are very proud to announce that PNO providing 16 African children with education expenses for one year. Thus, we ensure that the conditions of education for children in Africa will be improved. This entails building new schools, implementing non-violent teaching methods, and helping families with their education expenses such as school uniforms and books. We have made this contribution to BØRNEfonden at no extra costs, simply by booking our corporate hotels through our hotel partner Goodwings, the online hotel booking platform donating half of their commission to charitable causes supporting the UN 17 Sustainable Development Goals.
https://pnorental.com/wp-content/uploads/2018/06/PlanBørnefonden_Check_Facebook.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-06-13 09:34:192019-09-17 09:52:40Supporting the UN 17 Sustainable Development Goals
CO2 REGULATIONS CREATE INCENTIVE FOR GREENER LOGISTICS
Air pollution in major cities has become a serious health and environmental threat. To reduce the emission of CO2, political initiatives are enforced globally and locally, which will impact the transport industry’s interest in green alternatives to diesel.
To fight CO2 emission and improving air quality, more and more urban access regulations are introduced by the European Union and local authorities.These regulated zones are inaccessible for vehicles that do not meet the stated emission requirements. Latest initiative is in Germany, where Hamburg banned all diesel vehicles on selected roads. It is predicted that more cities will follow with similar strict restrictions.
These regulations force the transport industry to reflect on their climate footprints in order to stay competitive and operational in urban areas. Zero-emission trucks can solve the challenge partly and the regulations will therefore increase the transport companies’ motivation for investing in these environmental-friendly solution in the future. Investing in green alternatives becomes not only a responsible choice, but also a smart and long-term investment.
THE FUTURE OF BLOCKCHAIN TECHNOLOGY WITHIN LOGISTICS
Blockchain technology is often associated with cryptocurrencies such as Bitcoin and Etherium, but is now gaining traction within the logistic industry. The unique data storing technology is predicted by many to be the future of logistics and supply management, as it can ultimately create higher efficiency, leaner processes and greater transparency. A discussion and development that we at PNO follow closely and with great interest.
Supply chains have become increasingly complex as trading and manufacturing have globalised during the last decades. A chain can span over hundreds of stages, multiple transporters and manufacturers, and a large amount of payments. Technology startups as Viant (https://viant.io/) and established market leaders such as Mærsk and DHL believe that blockchain technology, and its ability to record, store, and share every transaction of any kind, will ultimately solve the logistic puzzle and revolutionize the industry. For the involved companies, it will lead to lower costs, better quality control and simpler processes. An example, Walmart uses the technology to keep track of its pork meat from China, so they can store info on production, transport conditions, storage locations and sell-by-dates. All data is accessible for everybody, which create transparency for the involved stakeholders, including the end-customer. The solution removes manuel paperwork from the entire process, which increases efficiency and lowers costs.
The technology is still in an early stage and because of its close connection to the controversial Bitcoin, labels as “hype” and “trend” are part of its public image. But with major actors like Mærsk, Nestle and Walmart investing in the technology, it is now becoming a solution that people and companies take seriously.
At PNO continuously looks for new ways to simplify process and to create value for our customers, we follow the development closely and ask ourselves: how can this benefit our business and our customers’ business?
If you are interested in understanding how blockchain technology actually works, IBM has made a simple and informative video:
https://pnorental.com/wp-content/uploads/2018/05/blockchain-ledger-1508x706_c.jpg10501920rikke bylodhttps://pnorental.com/wp-content/uploads/2022/01/PNO_logo_2018_RGB.pngrikke bylod2018-05-24 12:30:202019-09-17 09:54:51THE FUTURE OF BLOCKCHAIN TECHNOLOGY WITHIN LOGISTICS
First self-driving, fully electric truck soon onto public roads
First self-driving, fully electric truck soon onto public roads
Swedish autonomous vehicle start-up Einride and logistic group DB Schenker are expecting to operate the world’s first commercial all-electric, driverless truck on a public road by January 2019.
After the launch in November of the first commercial installation of T-Pod at a DB Schenker facility in Jönköping, central Sweden, Einride and the German logistics group expect regulatory approval within weeks allowing all electric, self-driving trucks onto public roads.
Einride´s T-Pod is a 7.5-tonne “smart container on wheels”, which lacks a steering wheel, a foot pedal and even a driver cabin, which can be half the cost of building a truck, offering more room for freight.
The vehicle, considered Level 4 autonomous, is supervised by a human operator sitting hundreds of kilometers away who can supervise up to 10 vehicles at once and remotely drive it when needed to navigate difficult terrains. In order to achieve Level 5, a vehicle should be able to operate without driver in all conditions.
According to experts* in the sector, the commercial adoption of Level 4 autonomous, fully electric trucks would be sufficient to realize potentially significant decrease in CO2 emissions and cost savings due to zero fuel consumption.
Additionally, a fleet of self-driving, electric trucks can be coordinated by an intelligent routing system, which would lead to optimised delivery time, battery life and energy utilization, also reducing amount of accidents.
Besides Einride, numerous established companies as well as start-ups are currently working on autonomous trucks’ technologies. Among them, Embark, Daimler/Mercedes, Waymo, Kodiak, Volvo and Tesla are the most promising ones.
Although there are still several challenges to be tackled, such as ensuring the complete safety of pedestrians and other vehicles on public roads, the transition to self-driving technology combined with electrification has a strong potential to pave the way for a future more sustainable, efficient and safe road freight transportation.
*Discover more about autonomous, all-electric trucks here.
New PNO Board Member
New PNO Board Member
Jesper Lok has been appointed as new member of PNO’s Board, November 2018. He will take over the position as Chairman of the Board from Jens Jørgen Madsen at the General Meeting in April 2019.
The PNO Board consists of five members:
The reorganization of the Board is carried out in relation to Jens Jørgen Madsen retiring, thus resigning as Chairman of the Board.
FACTS ABOUT JESPER LOK
Education: Shipping educated, MBA, and has received further education at Harvard University, IMD, and Columbia University.
Other Boards: Santa Fe Relocation, Allianceplus A/S, Newsec, and Dagrofa.
We want to use business as a force of good
We want to use business as a force of good
PNO is in the process of becoming a B Corp certified company. By applying for the B Corp status, we commit to meeting the highest standards of verified social and environmental performance, to act transparent, and to balance profit and purpose.
NEW MEASURES OF SUCCESS
We care about what we do – and we care about each other, the relations we have to stakeholders and the world. Our decisions are based on People, Planet & Profit. We believe that the world’s most challenging issues cannot be solved by governments and nonprofits alone. Therefore, we have joined the B Corp community of corporations that work toward a positive impact for their employees, communities, and the environment. A movement where business is used as a force of good, and where social and environmental performance are the measures of success.
“Acting responsible and sustainable is not new to PNO – it has been part of our core values since my father established PNO in 1975. The B Corp framework will strengthen our performance by challenging our approach to social and environmental responsibility, and identifying further action, globally and locally. With the support and guidance of B Corp, we aspire to lead the transition toward a sustainable transport industry. “
– Jacob Lee Ørnstrand, Group CEO
We have concluded that the first steps toward a more sustainable company are to look closer at our purchase behaviour, optimize our market offerings, and increase our involvement in local communities. Internally we have appointed an ambassador at each office to lead the local initiatives. A significant task for them is to find a local project where they can volunteer as a team with their colleagues two days a year. The volunteering will be performed in PNO working hours.
The New Cool reefer will together with our digital solutions ensure that we offer our customers sustainable solutions that benefit both their business and the environment.
THE B CORP ASSESMENT
To become B Corp certified, a company must go through the B Corp Assessment, which is a comprehensive and industry-specific tool designed to measure the social and environmental impacts of a company. The company is measured within four pillars: governance, employees, local community, and environment. The company must get a score of minimum 80 points to get a B Corp certification.
The assessment furthermore provides an insight into where the company is doing good, and where it can do better. In average it take takes at least two rounds of assessment before an organization becomes certified. At PNO, we just finished our first assessment with a score of 72.5 points. We are now working to improve our score by actively pushing forwards with initiatives that support the four pillars of governance, employees, local community, and environment.
CONTACT
If you are interested in learning more about our B Corp certification process, please feel free to contact Solvej Lee Ørnstrand, Head of Learning & Marketing, at solvej@pnorental.com.
PNO as exclusive partner on new sustainable reefer
PNO as exclusive partner on new sustainable reefer
It is with great pleasure that we introduce the sustainable New Cool reefer as part of our rental offering. PNO is the exclusive New Cool partner in Scandinavia.
The New Cool reefer operates without any CO2 emission. Due to a special Valx axle that produce energy when braking, the reefer’s cooling system is self-powered and independent of diesel. An important factor in Europe, where an increasing number of cities are introducing CO2 regulations on traffic. The technology will furthermore save you approximately 30 liters of diesel a day.
New Cool is a result of a close partnership between Per Nelson Ørnstrand (founder of PNO) and Twan Heetkamp (THT). Together they developed the unique self-powered cooling system in collaboration with suppliers Valx and Carrier.
The technology of New Cool can be applied to any reefer brand and type.
Please don’t hesitate to contact us if you are interested in learning more about the New Cool.
EU creates transparency on trucks’ CO2 emission and fuel-efficiency
EU creates transparency on trucks’ CO2 emission and fuel-efficiency
The European Union’s new legislation on fuel consumption and CO2 emissions will come into force next year. It will lead to greater transparency and accountability in the truck industry, and ultimately more fuel-efficient transport solutions.
From January 1st 2019, all truck manufacturers in the EU must declare the fuel consumption and CO2 emission on each produced truck. The values are determined by simulated calculations based on the vehicle’s type and custom configurations. The legislation is introduced in order for the EU to reach its climate goal of reducing greenhouse gas from transport by 30 percent by 2030. Heavy-duty trucks account for approximately 5 percent of the total C02 emission in Europe.
The standardisation of consumption information will make it easier for truck customers to select the most fuel-efficient vehicle and lower their business’ CO2 emission. The transparency will hopefully lead to increased focus on environmental footprints within the truck industry, which will ultimately lead to more fuel-efficient transport solutions.
When the legislation has come into force, the next step is for EU to evaluate the declared values. Based on these, CO2 value limits are expected to be introduced by September 2019.
PNO welcomes Head of Rental at Group Office
PNO welcomes Head of Rental at Group Office
“With a Head of Rental, we strengthen PNO’s core services by focusing even more on our commercial activities within rental.”
– Jacob Lee Ørnstrand, Group CEO
It is with great pleasure that we welcome Lasse Stær Hoffmeyer to PNO in the capacity of Head of Rental from the August 13th. Lasse will be working closely with the local sales teams to support commercial activities across borders and departments. With his employment, PNO’s ability to take advantage of our scale and capacity will be strengthened to the benefit of our customers.
Lasse is joining us from Vestas where he was a Senior Manager in their Service Commercial department. Here, he was in charge of the growth strategy for Parts Services with focus on sales execution, product management, value proposition, pricing, and pipeline management. Lasse is a great match for PNO and his knowledge and experience will be an asset for the entire organization. Lasse will be working from PNO Group Office in Copenhagen.
“I consider PNO as a great match, where my toolbox and holistic approach to commercial development can help create results. Likewise, I am very inspired by PNO’s history, visionary business model, their approach to social responsibility and strong customer focus. I am especially looking forward to collaborating with all colleagues across the PNO value chain in order to create the greatest value for our customers and thereby PNO”
– Lasse Stær Hoffmeyer
Lasse Stær Hoffmeyer
The New Cool: A responsible choice
The New Cool: A responsible choice
The Dutch company THT New Cool has created a reefer named The New Cool that operates on self-generated energy. The energy is created by the special Valx axle when the trailer slows down, after which the electricity is stored in a battery. The battery powers the cooling aggregate and makes the reefer independent of diesel. The New Cool trailers have been tested on the road since 2014 and will be in serial production from 2019.
The New Cool’s technology has several environmental and business related advantages. It saves you up to 30 liters of diesel a day and enables the cooling aggregate to stay active even when disconnected from the truck. As previously described, more and more European cities are introducing local diesel bans in urban areas. Because The New Cool has zero CO2 emission, it can operate within these areas. By investing in The New Cool reefers, your business stays competitive despite the increasing numbers of emission regulations and thereby secures its position on the long-term. In the near future you will be able to make this investment through PNO – more info will follow.
The New Cool reefer comes in multiple types and the specifications can be customized to your’ needs. Read more about The New Cool here.
Supporting the UN 17 Sustainable Development Goals
Supporting the UN 17 Sustainable Development Goals
We are very proud to announce that PNO providing 16 African children with education expenses for one year. Thus, we ensure that the conditions of education for children in Africa will be improved. This entails building new schools, implementing non-violent teaching methods, and helping families with their education expenses such as school uniforms and books. We have made this contribution to BØRNEfonden at no extra costs, simply by booking our corporate hotels through our hotel partner Goodwings, the online hotel booking platform donating half of their commission to charitable causes supporting the UN 17 Sustainable Development Goals.
CO2 regulations create incentive for greener logistics
CO2 REGULATIONS CREATE INCENTIVE FOR GREENER LOGISTICS
Air pollution in major cities has become a serious health and environmental threat. To reduce the emission of CO2, political initiatives are enforced globally and locally, which will impact the transport industry’s interest in green alternatives to diesel.
To fight CO2 emission and improving air quality, more and more urban access regulations are introduced by the European Union and local authorities.These regulated zones are inaccessible for vehicles that do not meet the stated emission requirements. Latest initiative is in Germany, where Hamburg banned all diesel vehicles on selected roads. It is predicted that more cities will follow with similar strict restrictions.
These regulations force the transport industry to reflect on their climate footprints in order to stay competitive and operational in urban areas. Zero-emission trucks can solve the challenge partly and the regulations will therefore increase the transport companies’ motivation for investing in these environmental-friendly solution in the future. Investing in green alternatives becomes not only a responsible choice, but also a smart and long-term investment.
THE FUTURE OF BLOCKCHAIN TECHNOLOGY WITHIN LOGISTICS
THE FUTURE OF BLOCKCHAIN TECHNOLOGY WITHIN LOGISTICS
Blockchain technology is often associated with cryptocurrencies such as Bitcoin and Etherium, but is now gaining traction within the logistic industry. The unique data storing technology is predicted by many to be the future of logistics and supply management, as it can ultimately create higher efficiency, leaner processes and greater transparency. A discussion and development that we at PNO follow closely and with great interest.
Supply chains have become increasingly complex as trading and manufacturing have globalised during the last decades. A chain can span over hundreds of stages, multiple transporters and manufacturers, and a large amount of payments. Technology startups as Viant (https://viant.io/) and established market leaders such as Mærsk and DHL believe that blockchain technology, and its ability to record, store, and share every transaction of any kind, will ultimately solve the logistic puzzle and revolutionize the industry. For the involved companies, it will lead to lower costs, better quality control and simpler processes. An example, Walmart uses the technology to keep track of its pork meat from China, so they can store info on production, transport conditions, storage locations and sell-by-dates. All data is accessible for everybody, which create transparency for the involved stakeholders, including the end-customer. The solution removes manuel paperwork from the entire process, which increases efficiency and lowers costs.
The technology is still in an early stage and because of its close connection to the controversial Bitcoin, labels as “hype” and “trend” are part of its public image. But with major actors like Mærsk, Nestle and Walmart investing in the technology, it is now becoming a solution that people and companies take seriously.
At PNO continuously looks for new ways to simplify process and to create value for our customers, we follow the development closely and ask ourselves: how can this benefit our business and our customers’ business?
If you are interested in understanding how blockchain technology actually works, IBM has made a simple and informative video: